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20110701
20110731
Search Results 0 to 8 of about 9 (some duplicates have been removed)
decade. the key thing here is this is the first so-called big idea with support from influential lawmakers on both sides of the aisle. last night, the republican-led house pass its preferred solution to solving the crisis known as the cut, cap, and balance act, the legislation cuts federal spending by $6 trillion and requires a constitutional balanced budget amendment in exchange for raising the debt ceiling but the bill is expected to die in the senate. the president's focus was on the plan forged by the so-called gang of six. >> it's time to get down to the business of actually solving this problem and i think we now are seeing the potential for a bipartisanship consensus around what that would take. >> reporter: the plan calls for an immediate deficit cut of $500 billion and mandates spending caps through 2015 and require congress on find specific cuts in medicare, defense spending, agricultural and energy. it would phase in the lower inflation measure for social security and scale back, but not eliminate, deductions for mortgage interest and charity and retirement counts and
hundreds of new airplane, a big ebs purchase of its kind in history. >>> a conservative website says michele bachmann's migraines could make it impossible to do her job as president. she says no, she could do the job. [ female announcer ] nutri-grain -- one good decision... can lead to another. ♪ ♪ with real fruit, more of the whole grains your body needs, and a good source of fiber. nutri-grain can help you eat better all day. a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. [ woman ] ♪ why you gotta be like that? [ elevator bell dings ] ♪ don't be like that ♪ 'cause i deserve better than this ♪ ♪ did i catch you playing up like that? ♪ ♪ [ female announcer ]
of the big items on their to do list is a deal to cut the budget deficit and raise the federal debt limit. joining us is senior white house correspondent bill plante. what is the latest on the negotiations? >> reporter: they are deadlocked. still, no further schedule of talks between the white house and coning. republicans remain opposed to any kind of new taxes. and democrats are just as adamant that there has to be some kind of new revenue. congress has raise the debt ceiling 102 times since it was first instituted in 1917. and ten times in the last decade. but never before have the stakes been so high where democrats and republicans so unwilling to budge. norm is a longtime student of congress. >> normally, what you see in these negotiations is tough stances but at least some willingness to go, not halfway, but a quarter of the way where the other side is. >> reporter: in 1983, republican president ronald regulariagan supported a rise. he wrote. nor have democrats always been in favor of raising the limit. in 2006, then senator barack obama voted against an increase, a voed he later ad
. however there is disagreement over that point, big disagreement over that point. >> the other thing we'll be looking at is of course whether or not there will be issue with the credit rating. we'll talk about that. rebecca thanks. chris? >> thank you. >>> there is news of another arrest in the widening phone hacking scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the
and congressmen don't get social security, they get really big pensions for life, so i don't think they really care whether anybody else out there starves. >> clearly, no one is taking this lightly. >> folks depend on it. rebecca, thanks. >>> there is news this morning of another arrest in the phone hacking scandal in britt. in the meantime, rupert murdoch is pressured to appear about lawmakers in london and washington. dana lewis is in london with more on this this morning. >> reporter: we are hearing a ninth person has been arrested. the former executive editor of "news of the world." the late-breaking news this morning is the british government committee issued a summons for rupert and james murdoch to appear before them to answer questions what they knew in the phone hacking scandal but legally a serious question whether they can be compelled to appear. did this control in high gear. rupert murdoch and his son james in london trying to find a way to put out the fire. in a matter of days, their company news corp shut down a newspaper "news of the world." withdrawn a bid for a pay television
Search Results 0 to 8 of about 9 (some duplicates have been removed)